Office Suite with Rear
For Sale
$250,000
313 Park Ave Unit 300, Falls Church, VA 22046
Approximately 600 SF office suite with rear parking, positioned across from the courthouse and nearby farmers market activity.
Property Size1,200 SF
Price / SF$208.33
Days on Market136
Property Features for 313 Park Ave Unit 300
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1965
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Patricia Ann Jordan
(703) 402-4507
Source:
Riverfoxrealty
Added: Jun 12
Changed: Oct 16
Last Checked: Oct 5 at 8:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Unit 300 at 313 Park Avenue offers an approximately 600-square-foot office space designed for professional use. The suite provides a practical, self-contained footprint for a consultant, attorney, CPA, therapist, or other boutique service business, with a built-in work setting that supports client meetings and daily operations. The property is presented as a charming option for an owner-occupant seeking to establish a business in their own space.
The building is set on a tree-lined street in the heart of Falls Church City. It is described as about one mile from the Metro, and the office location is directly across from the Falls Church courthouse and the Farmers Market, supporting an active, community-oriented streetscape. Nearby restaurant, cafe, and local retail options are also cited for day-to-day convenience.
A key feature noted with this opportunity is the large parking lot behind the building, identified as uncommon in Falls Church City. For a tenant or buyer, that added on-site parking can make client access easier and help support day and evening scheduling. Offered for sale, the suite is well suited for professionals who want a walkable presence, steady foot-traffic visibility from a prominent civic setting, and dedicated parking amenities.
The building is set on a tree-lined street in the heart of Falls Church City. It is described as about one mile from the Metro, and the office location is directly across from the Falls Church courthouse and the Farmers Market, supporting an active, community-oriented streetscape. Nearby restaurant, cafe, and local retail options are also cited for day-to-day convenience.
A key feature noted with this opportunity is the large parking lot behind the building, identified as uncommon in Falls Church City. For a tenant or buyer, that added on-site parking can make client access easier and help support day and evening scheduling. Offered for sale, the suite is well suited for professionals who want a walkable presence, steady foot-traffic visibility from a prominent civic setting, and dedicated parking amenities.
Key Highlights
- Approximately 600 SF office suite at 313 Park Avenue in Falls Church City
- Located across from the Falls Church courthouse and near Farmers Market activity
- Rear parking available with a large parking lot behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,716
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.4K $29.52/SF
− Vacancy
−$5.1K −$4.28/SF
EGI
$30.3K $25.24/SF
− OpEx
−$7.6K −$6.31/SF
NOI
$22.7K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,107 @ 7.0% cap · market cap 140.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,038
Businesses Nearby
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Business Placement
Demographics for 22046, VA
18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Approximately 600 SF office suite with rear parking, positioned across from the courthouse and nearby farmers market activity.
Where is this office unit located?
The property is located at 313 Park Ave Unit 300 Falls Church, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 600 SF office suite at 313 Park Avenue in Falls Church City; Located across from the Falls Church courthouse and near Farmers Market activity; Rear parking available with a large parking lot behind the building
